1. How many core pillars does NITI Aayog's Fiscal Health Index (FHI) use to assess states?
Answer: D. The index rests on five pillars, namely Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index and Debt Sustainability.
2. Which state came first in the Fiscal Health Index for FY 2023–24?
Answer: C. Odisha topped the ranking with a score of 73.1. Its strong fiscal management, steady revenues and controlled deficits earned the lead.
3. Jal Jeevan Mission 2.0 moves the emphasis away from building infrastructure and toward what?
Answer: E. The second phase wants dependable, lasting water supply services rather than merely laying tap connections.
4. In India, passive euthanasia means what?
Answer: B. Passive euthanasia is the withholding or withdrawal of life-sustaining treatment. Supreme Court guidelines allow it in India.
5. Which kinds of Middle East exposure did the Reserve Bank of India ask banks to report?
Answer: A. RBI wanted full reporting covering direct loans, indirect exposure and contingent liabilities such as guarantees and letters of credit.
6. Which statement about the co-lending model is TRUE?
Answer: B. Co-lending pairs the two: banks bring low-cost funds, and NBFCs bring customer reach and loan origination.
7. Which NBFC layer under RBI's Scale-Based Regulation (SBR) contains the systemically important entities?
Answer: E. Systemically important NBFCs make up the Upper Layer, which calls for tighter regulatory oversight.
8. What is the aim of SEBI's new rules on intraday borrowing by mutual funds?
Answer: A. SEBI permits borrowing only for defined purposes and blocks speculative misuse, which protects investors.
9. Bhavantar Bhugtan Yojana (BBY) is a scheme of which type?
Answer: D. BBY pays farmers directly the difference when market prices drop below MSP.
10. In which state is Joha rice, lately exported from India, chiefly grown?
Answer: C. Joha is a GI-tagged aromatic rice from Assam, valued for its fragrance and cultural importance.
11. Which state ranked first in NITI Aayog's second Fiscal Health Index for FY 2023-24?
Answer: B. Odisha ranked first with a score of 73.1.
12. The Union Cabinet extended the Jal Jeevan Mission until which year, launching JJM 2.0?
Answer: D. The mission was restructured and extended until 2028.
13. When was the Pradhan Mantri Matsya Sampada Yojana launched?
Answer: A. PMMSY was launched on 10 September 2020.
14. Which case first allowed passive euthanasia in India under strict conditions with High Court approval?
Answer: B. The Aruna Shanbaug case allowed it first, as per the notes.
15. Which body launched its first structured Bug Bounty Programme for the Aadhaar ecosystem?
Answer: B. UIDAI launched the programme to strengthen Aadhaar cybersecurity.